Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Fed Opens Lending Program for New Issuance of Corporate Debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve formally opened Monday its $500 billion lending program to support issuance of new debt by large corporations, the last of nine emergency programs it is running to backstop lending markets reeling from the coronavirus pandemic… Link to Story
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Municipal Bond Credit Report: Fed Chairman Says Economy Faces New Challenges From Coronavirus
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that the reopening of the U.S. economy and recent upturn in spending and hiring came sooner than central bank officials had expected… Link to Story
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Municipal Bond Credit Report: Fed Keeps Options Open on Yield Caps but Looks to Other Tools First
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve is unlikely to cap short-term Treasury yields as part of its initial package of economic stimulus measures, instead reserving the option to cap yields later… Link to Story
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Municipal Bond Credit Report: The State Pension Funding Gap- 2018
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: At $1.24 trillion, the 50-state pension funding gap—the difference between a state retirement system’s assets and its liabilities—improved slightly in 2018 primarily due to strong investment performance. However, after a decade of economic recovery, the aggregate pension funding gap remains historically high and could increase by up to $500 billion based…
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Municipal Bond Credit Report: U.S. Initial Unemployment Benefits Steady at 1.5 Million in June
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The number of workers seeking jobless benefits has held steady at about 1.5 million each week so far in June, signaling a slow recovery for the U.S. economy as states face new infections that could impede hiring and consumer spending… Link to Story
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Municipal Bond Credit Report: U.S. Consumer Spending Rebounded in May, but Virus Surge Poses Economic Threat
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Americans increased spending at a record pace in May, helping the economy dig out of a severe recession, but a new rise in virus infections threatens the nascent recovery… Link to Story
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Municipal Bond Credit Report: Coronavirus Job and Death Toll Is Widespread in Michigan: ‘We are Talking About a Very Deep Hole’
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Bad news has piled up in Muskegon County along Lake Michigan’s eastern shore in recent months, from canceled summer festivals and tour boat visits to layoffs at manufacturers such as Northern Machine Tool Co… Link to Story
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Municipal Bond Credit Report: IMF Downgrades Already-Glum Economic Outlook Due to Coronavirus Crisis
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Economists at the International Monetary Fund now say the global economy will contract even more sharply than they expected in estimates released in April, which called for the steepest recession since the Great Depression… Link to Story
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Municipal Bond Credit Report: San Francisco’s outlook revised to negative by Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The outlook on the city and county of San Francisco, California, was revised by Moody’s Investors Service to negative from stable as a result of heightened exposure to coronavirus pressures… Link to Story
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Municipal Bond Credit Report: Missouri county, bond trustee argue over enforceability of payment pledge
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A debate about the legal enforceability of a Missouri county’s pledge to cover shortfalls on a $32 million industrial development bond issue is being waged before a state appellate court… Link to Story